Posted by jeff on July 11, 2002 at 17:47:29:
the best rule of thumb for beginners is to stay as close to your home as you can. you know this market better. you know this area better. you know these homes and owners better.
you are more familiar with the laws and the area normalities also.
closer is better normally.
Lease option and farm area question - Posted by Tom
Posted by Tom on July 11, 2002 at 15:34:27:
I have been contacted by a motivated seller who owns a house that is 95 miles away from my area.The house is 1.5 years old,vacant,like new in a nice area.
I can L\O the house for about 10 or 15k below what I think it would L\O to a tenant buyer for w/150 monthly cash flow.
Is this a deal worth looking into or should I contact an investor in her area?
As a beginner how large an area and how close should I farm initially to be the most productive?
Thanks in advance